PASAY CITY, Philippines, Nov. 19, 2025 /PRNewswire/ -- SM Investments Corporation (SM Investments) reported a consolidated net income of PHP64.4 billion in the nine months of 2025, up 6% from PHP60.9 billion in the same period last year. 

Consolidated revenues likewise increased by 4% to PHP482.3 billion, compared with PHP462.5 billion a year ago.

"The third quarter performance remained within our expectations. Despite the challenges brought about by adverse weather and flooding, we continued to see resilient financial performance across our businesses," said Frederic C. DyBuncio, President and Chief Executive Officer, SM Investments. "While external factors may temper overall economic growth, we maintain an optimistic outlook as we move into the fourth quarter."

Banking accounted for the largest share of SM Investments' net income at 50%, followed by property (28%), retail (15%), and portfolio investments (7%).

Retail

SM Retail reported net income stood at PHP12.2 billion, from PHP12.8 billion in the previous period.

Retail revenues, on the other hand, grew 5% to PHP318.1 billion from